This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Andile Mazwai: Financial disruptors - R45bn in Stokvels, 11m people

Loading player...

Andile Mazwai, CEO of the National Stokvels Association of South Africa tells Tim Modise that stokvels have played an important role in the lives of the black community for decades and continues to do so for many citizens who work in the informal sector. He says NASASA provides members with an opportunity to speak with one voice when dealing with the financial institutions and the government. He estimates the membership of stokvels to be 11 million and the size of savings at R45 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices

4 Nov 2015 4AM English South Africa Investing · Business News

Other recent episodes

Berkshire Hold, Vistra Buy, and five SA shares to Accumulate – Ricardo week to 13 November

Yesterday was Friday the 13th. The Ricardo portfolios don’t do superstition. We do cash flow. And this week, a lot of that cash went into buying back shares. Greg Abel spent $9.6bn on Berkshire’s own stock, the clearest signal yet that Buffett’s successor thinks the shares are cheap. Vistra grew…

14 Nov 8AM 53 min

Rachel Kolisi takes Falling Forward and her message of financial independence for women to a global stage

Rachel Kolisi has spent the past few months on the road in South Africa with Falling Forward, her book and the documentary that followed. Fourteen events and more than 10,000 people later, she is taking the project to London, a move prompted by women who travelled from Europe to attend…

13 Nov 6AM 19 min

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…

13 Nov 6AM 28 min

BN Daybreak: Moeng on cushioning the ANC; McKenzie on Swimming SA; Durban 50/50; Huang quits

Political commentator Solly Moeng tells Chris Steyn that voters who shut the ANC out expect ActionSA and the DA not to cushion it over personal grudges: the ANC belongs on the opposition benches. Sports Minister Gayton McKenzie calls Swimming South Africa one of the country's worst federations, says the Act…

12 Nov 10PM 17 min

BN Edge | CEO Charles Savage breaks down “best-ever” results for EasyEquities owner Purple Group

A year ago, Charles Savage made Alec Hogg a list of promises. This week he came back with Purple Group's best numbers yet: profit before tax up 36%, more than R100 billion in client assets, and nearly R17 billion deposited in a year when markets gave investors far less. So…

12 Nov 8AM 37 min

All episodes